Dear Sir,

Me and My friend both are NRI ( I am in USA and other in Canada), we used to do online trading in India when both of us where there. After moving abroad we are not suppossed to do and we are aware of trading Indian shares online for NRI.

Now we need to trade in Indian Shares and but our idea/question is different.

Our idea is to do this through by registering a company in India so that we can pool both of our money in one bucket and through the company we are planning to do it legally (if possible only)

1) My friend will be returning to India in 2014 and will run this in full fledge.
2) We need to start this process from this year so that by the time he is there , we continue with no halt.

We are aware of trading Indian shares online for NRI but need to know how we can register a company in India and trade through online either giving PoA or adding some India resident as partner. As of now we are not planning to borrow money from outside.

can you please suggest us what type of company we can register and form and can do this legally?

Can NRI register a company in India and how can an NRI register company in India and give PoA to do this or any other option?

Any help is really appreciated. Please reply.
Thanks,
RgdS
KGA

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Please also explain the process..

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Hi,

I sold 100 Kamath Hotels Shares @ 96 and put a Stop Loss but the Shares suddenly Jumped and went on to had a upper circuit.
And i wasnt able to buy the same
My Broker told me that i will have to pay some penalty for it
Pls tell me what will be the consequences of it now?

Is it a normal thing that happen??

Pls reply at earliest!

i Sold shares of reliance industries and other companies after 6 months and made a profit of Rs. 40,000. I did not have any other income from any other source. Since my total income was below Rs. 1,60,000 will i have to pay tax on Rs. 40,000? A friend says that i have to pay a short term capital gain tax of 15% even if my total income is below Rs 1,60,000. Please help sir.

IN CURRENT YEAR (01-04-10 TO 31-03-11) FOLLOWING ARE INCOME OR LOSS : (A) PENSION INCOME:2.5 LACS INTREST INCOME :2.00 LACS AND LOSS IN FNO (derivatives):2.00 LACS , WHAT IS MY TAX LIBALITY,MAY I SETOFF THIS LOSS WITH INTREST INCOME OR PENSION INCOME IF NOT THEN MAY I CARRYOVER THIS LOSS FOR NEXT YEAR (& HOW MUCH YEAR). PL ADVISE

What is the reason for the reduction in market value of the share of any co. after it pays the dividend to share holders??????????

Senario1: If I buy a share in march 2010 and sell it in june 2010.
Senario2: If I buy shares in April 2010 and hold it.

Request your help in calculation stcg for both senarios.
Senario 1: should i deduct the brokerage and taxes from the stcg for the share I purchase in mar 2010 (for A.Y. 2011-12)
Senario2: is the brokerage and taxes for the share i hold are deductible from stcg gained from other trades.

I wanna ask, how to do entry for purchase & sale of shares in tally if i want to do it like stock entry, or if any other way possible so that calculation of Profit/Loss can b made easily and the method should b FIFO.